The story of this market
The typical home in ZIP 48464 sells for about $245,000, or $165 per square foot.
Prices are up +6.5% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,333 a month.
ZIP 48464 — Otter Lake
The housing market in 48464 shows steady appreciation driven by limited inventory and demand for rural, lake-adjacent properties. While sales volume remains low, prices have trended upward over the past year. Figures for active listings and days on market are based on current portal data, while specific tax and demographic figures are sourced from the latest available ACS and assessor records.
This ZIP is best suited for families and outdoor enthusiasts seeking a rural, lake-adjacent lifestyle while maintaining a commutable distance to the Flint metro area.
Median prices moved up 6.5% year over year.
Homes spend a median of 58 days on market with 6.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.3% · poverty 14.9% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 48464
Schools serving the area are primarily managed by local districts with moderate performance ratings typical of rural Michigan communities.
The area is subject to standard Midwestern weather risks including seasonal wind and winter storms; flood risk is localized near the lakefront.
Economic momentum is driven by proximity to the Flint employment corridor and regional manufacturing hubs, with limited new large-scale commercial development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Residents primarily commute by personal vehicle toward Flint or Lapeer via M-15 and local state highways; public transit options are not available.
The area features significant outdoor access including Otter Lake for boating and fishing, local parks, and proximity to state game areas for hiking and hunting.
The rental market is characterized by low inventory and high demand for single-family detached homes, with limited multi-family supply.
The local economy is largely supported by regional manufacturing, agriculture, and service-sector employment in the surrounding Flint and Lapeer areas.
No major large-scale commercial or residential developments are currently reported for this ZIP.
Parcels are subject to standard township and school district levies; no special MUD or PID districts are reported.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in the Great Lakes region.
Data retrieved from data.census.gov ZCTA 48464 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Primary recreational anchor for fishing, boating, and swimming.
Public park space providing lake access and picnic facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.